NEW Amex Gold Review: Keep Or Cancel?!

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Timeline
0:00 Start Here
0:17 Amex Gold Intro Bonus
0:58 Annual Fee and Credits
5:20 Multipliers
6:54 The Hotel Collection
8:05 Pros and Cons
8:28 Should You Get the Amex Gold Card?

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[metalheadami]

Let’s be honest the credits just make you pay more on annoying little purchases every month from different platforms.

[BradleyBishop]

The thing that kills both the Gold and the Platinum for me are the endless coupons.

It's just one more thing I had to keep up with (before I canceled them both). I'd much prefer to have a lower AF AND "club privileges" from the Amex Platinum (hotel status, airport lounges, etc) than deal with, "If you happened to spend money at these two dozen places then the Amex is actually paying YOU $100/yr." It's just a PITA. If they raised the fee to $10, 000 but, if you added all the coupons up to $10, 100 and had to jump through all of those hoops, would you still do it?

"I'm eating at McDonalds once a month because they have a deal with Amex Platinum and I get $10 back each month which equates to $120 off my $10K AF." - That's where this is going - you just have to keep multiplying the coupons out.

Let me have the Platinum for $500 with no coupons but with "club benefits" like airport lounges, hotel status, car rental status, etc. and I'd be on board.

They're basically using advertising (coupons) to pay for the card.

Canceling my Gold card in November before my annual fee post. I use the Savor One card daily

[cjcab]

I was going to cancel earlier this year but they gave me a retention offer. I know a lot of people hate the update but for me it actually pushed me back in the positive expected value. Luckily I live in LA with tons of viable options to use the resy credit. The dunkin donuts is an added bonus. I saw on reddit that the credit works to add funds to your wallet easier to stack up like that.

[dw]

The coupon book here will have Amex Gold card holders spending more than they normally do in the long-run.
Whenever you have to change your behavior to use these credits, you already lose.
Yes you can say "well you get $50 semi-annually for Resy which helps you pay for it" but the problem is you still end up spending more than you normally would.

If I don't use Resy, I spend $0 every 6 months.
Suddenly, if I HAVE to use Resy to get my coupon, I am most definitely spending at least $50 (in a fancy restaurant that would have costed $100 if it weren't for the $50 credit) every six months. Yes I am getting $50 back, but I am still spending $50 on something I wouldn't normally get.

It's the same thing with Dunkin' Donuts.

I would argue the old Amex Gold was much better because I can see Uber Credit and Dining Credit as "hey I am already using these services, so this card supplements my normal behavior" at a much lower annual fee of $250. At the end of the day, Amex is couponing because it's to get people to funnel more cash into Amex, and I cannot justify this new iteration as "keeper card".

[thomasgray]

Thank you again, Sebby! I applied and got approved for AMEX Gold just now using the link on your site

[andygarcia]

My man Sebs with the deep dive clip in the beginning. 😅

[Nohandle]

Downgraded to the green card this week and don’t regret it. The new annual fee can KMA 😘

[OperationNonsense]

not a big deal, amex gold has so many credits, you don't have to use all of them for the card to make sense. i am lucky to be able to use all of them very easily, so i am a happy camper with recent changes.

[CaradhrasAiguo]

4:10 👑 may want to mention the Uber Cash credit can also be used towards Lime scooter / e-bike rentals

[jaxsonhuefner]

RIP. Utah resident here. The current only Dunkin location is located on a military base. They will be adding another location soon, but still.👑

[SeanZetterlund]

Seeing a Banh Mi for $12.50 made me very sad lol

[chrismorin]

I love the AMEX Gold card. I make full use of the 4x categories with about $600 - $700 / month in groceries and about $1, 000 / month on dining. I have already used the new Resy credit. I live in LA where there are a ton of Resy options; and Resy has become my go-to tool for our weekend dining adventures. So, making full use of the other $240 in credits, I will get full value and then some when the new annual fee hits next year (for me). The Gold card is the main workhorse of my set up.

[ywhjohnathan]

👑 curious to hear what your fave coffee order at Dunkin’ is.

Excited to try out the new credits and to get the White Gold version.

Sad the Shake Shack credit’s going away though ☹️

[SandyNYC]

I feel this card is made for people that live in NYC. (Resy, Dunkin, Uber…)

[doctorcrayons]

👑
1. Great card for most if they value MR

2. 5 guys, Uber eats, not really many Resy locations here though. Interestingly there have been DPs on Reddit about using the Dunkin credit at Baskin Robins with the Dunkin app so maybe a use case for me?

3. 6k groceries, 14k dining

[capstonecowboy]

Easy win for me. The resy credits effectively decreased my annual fee by $25.
Thanks Amex

[magellanmax]

First off, the white gold design is sweet! Before the annual fee increase I was able to use all credits which brought the cost of holding the card down $10. Now with the new credits my cost to hold the card is down to $1, without using Resy. Unfortunately the closest Resy restaurant from me is a whopping 16 miles away! I travel once in a while and I'll probably be able to use it a couple of times a year. With car rentals, hotels & airfare, I still make out good holding the Amex Gold.

[daroldhunter]

I live in Connecticut where there is a Dunkin on just about every corner, 2 within a mile of my house. Also, one of my favorite restaurants is on Resy. The only negative for me was the elimination of Shake Shack, so now it's Cheesecake Factory. I was contemplating cancelling the card when I first saw the fee increase, but after finding that I am able to use all $424 with not much effort, definitely keeping.👑

[cptawesome]

I switched to the AMEX cash preferred card from the Gold and I love it. $0 for the first year and $95 each year after with a $84 Disney plus credit. Which if you have Disney plus it basically gives it to you for free every year, which also cancels out the price of the card.

You get 6% cash back on all grocery purchases
6% cash back on streaming (not all that useful)
3% cash back on gas

Unfortunately it’s not a great restaurant card like the gold but the grocery purchase is much better and this card gets money back for gas.